Agenda Profile: Tarmo Tamm

First Reading of the Draft Resolution of the Riigikogu "Making a Proposal to the Government of the Republic Regarding the Imposition of a Temporary Solidarity Tax on the Banking Sector" (367 OE)

2024-05-08

15th Riigikogu, 3rd session, plenary session.

Political Position
The political position is strongly opposed to the temporary solidarity tax on the banking sector, labeling it populist and detrimental to the Estonian economy. The central framework is policy-driven, emphasizing the creation of economic uncertainty and the worsening of the investment climate. The speaker views their work as a crucial element in preventing incompetent decisions from passing through the Riigikogu (Parliament).

1 Speeches Analyzed
Topic Expertise
The speaker demonstrates expertise in banking and macroeconomic issues, describing banks as the economy's circulatory system and profit as the only self-generating resource for investment. They use economic terminology (e.g., Euribor, minority shareholders) and warn against the precedent of retroactive taxation, which could spread to other sectors and private individuals.

1 Speeches Analyzed
Rhetorical Style
The speaking style is analytical and cautionary, employing strong imagery (e.g., "the hairy hand," "the economic bloodstream"). It primarily appeals to logic and economic consequences, raising rhetorical questions regarding the country's future and economic growth. The tone is formal, focusing on assessing the competence of political decisions.

1 Speeches Analyzed
Activity Patterns
Not enough data

1 Speeches Analyzed
Opposition Stance
The main criticism is directed against the Center Party's proposal, which is being labeled as populist and detrimental to the economy. The criticism is policy-based, focusing on the draft bill's negative impact on the business environment and the creation of uncertainty. The speaker accuses the banks of excessive greed regarding interest rates for depositors, but offers market-based solutions for this issue.

1 Speeches Analyzed
Collaboration Style
The speaker is urging colleagues to reject the draft resolution, which indicates a desire to consolidate support for the position opposing the proposal. There is no information regarding any willingness to cooperate or compromise.

1 Speeches Analyzed
Regional Focus
The focus is clearly on the national level, covering the overall well-being of the Estonian economy, the role of banking, and the investment climate. Regional or local topics are absent.

1 Speeches Analyzed
Economic Views
He/She strongly advocates for entrepreneurship and economic growth, stressing the necessity of a stable tax environment and robust investment. They are firmly against retrospective taxation and state interference in profits, viewing such actions as sources of instability. As an alternative to taxation, they propose a market-based solution (purchasing shares) or nationalization (for example, buying out Swedbank).

1 Speeches Analyzed
Social Issues
Not enough data

1 Speeches Analyzed
Legislative Focus
The main legislative priority is the rejection of the banking sector solidarity tax bill (367 OE) initiated by the Centre Party. The speaker emphasizes their work in the Riigikogu hall to prevent inadequate and incompetent decisions.

1 Speeches Analyzed